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Wednesday, March 3, 2021

Jacobs Entertainment acquires downtown Reno Nelson Building from UNR

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The parent company for the Sands Regency Hotel & Casino has acquired the Nelson Building, further expanding its growing footprint in downtown Reno’s west corridor.

Jacobs Entertainment purchased the Nelson Building parcel from the University of Nevada, according to a Washoe County Recorder’s Office document about the sale that posted on Sept. 15. Jacobs, which has been amassing properties downtown as part of its Neon Line District project, declined to comment on the Nelson Building purchase when contacted on Monday.

The Nelson Building parcel measures more than 51,600 square feet or nearly 1.2 acres according to information from the Washoe County Assessor’s Office. In addition to the Nelson Building, Jacobs also acquired two smaller parcels alongside West Second Street as part of the deal. The two other parcels, which include a parking lot and access point located just south of the building, total 16,000 square feet.

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